lexology.com Media Bias

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Transparency v privacy - the uncertain future for beneficial ... - Lexology

The European Court of Justice (ECJ) ruled on 23 November 2022 that the requirement for member states to operate a register of beneficial ownership of companies accessible to the public is invalid. The decision states that such a requirement constituted a serious interference with the fundamental rights to respect for private life and the protection of personal data.
lexology.com     Jan 14, 2023

Consumer Trends 2023: A global perspective on labour supply - Lexology

The consumer sector has been hard hit with fluctuations in supply and demand over the course of the pandemic and the subsequent economic crisis. As we plan ahead for 2023, we consider how workforce planning is a top priority for consumer businesses and what steps can be taken to ensure labour supply issues do not disrupt progress.
lexology.com     Jan 14, 2023

Trade Matters Lowenstein Sandler's Global Trade & National ... - Lexology

Late last year, the Federal Communications Commission (FCC) adopted new rules to block the importation and sale of telecommunications equipment considered unacceptably hazardous to U.S. national security. The Report and Order, issued on November 25, prohibits any future importation, marketing, and sale of radiofrequency devices and equipment by entities on its Covered List. The FCC previously adopted rules barring the use of federal funds to buy equipment or services from those on the Covered List. The FCC also issued a Further Notice of Proposed Rulemaking announcing potential additional steps, including revoking existing device and equipment authorizations held by covered entities and expanding the new ban to include “components” made by covered entities but used by others in ...
lexology.com     Jan 14, 2023

FDA Releases New Homeopathic Drug Guidance: Regulatory ... - Lexology

Last month, the Agency published a compliance guidance document intended for FDA staff and industry entitled simply “Homeopathic Drug Products” (“Homeopathic Guidance”). The new guidance document describes the FDA’s risk-based approach to the regulation of such drugs and explains how the Agency intends to prioritize its enforcement efforts with respect to unapproved homeopathic products that are marketed and sold in the U.S. It replaces Compliance Policy Guide (“CPG”) 400.400 “Conditions Under Which Homeopathic Drugs May be Marketed” originally issued in May 1988 and subsequently withdrawn in October 2019. The CPG however remains a valuable resource for understanding the FDA’s general thinking on the subject.
lexology.com     Jan 13, 2023

Art Disruption: Art and Technology in the Twenty-first Century - Lexology

Artists were among the first to experiment with the 'disruptive technologies', sometimes even delegating most of the creative process to artificial intelligence (AI) or creating artistic autonomous entities that can replicate themselves based on blockchain and smart contracts; at the same time, new technology is also impacting how art is distributed and traded, from the tokenisation of artworks to the creation of art-based cryptocurrencies.
lexology.com     Jan 13, 2023

Australian Financial Services Regulatory Update | Q3-Q4 2022 - Lexology

On 24 October 2022, following major cyber-attacks on Medibank Private Limited and Singtel Optus Pty Limited, the Australian Prudential Regulation Authority ("APRA") urged regulated entities employing online application and policy transaction processes to strengthen verification controls and increase vigilance on avenues of potential fraud, including the use of credit card information. APRA cites the cyber-attacks as evidence that malicious cyber activity continues to escalate and urges regulated entities to review their incident response plans and ensure the regular testing of those plans. APRA also expects senior management and the board to be in a position to respond to and mitigate harm.
lexology.com     Jan 13, 2023

UK/EU Investment Management Update (January 2023) - Lexology

In this Sidley Update we cover, on the UK side, the UK Financial Conduct Authority (FCA) quarterly consultation on the consumer duty, the UK government’s introduction of Edinburgh reforms, and HM Treasury’s statement on the Taxonomy Regulation. On the EU side, we cover the European Securities and Markets Authority (ESMA) guidance on European Markets Infrastructure Regulation (EMIR) Refit reporting requirements and supervision of cross-border activities of investment firms, new ESMA Q&A, ESMA’s final report on the technical standards on cross-border activities under the UCITS Directive and Alternative Investment Fund Managers Directive (AIFMD), and the approval of the Corporate Sustainability Reporting Directive (CSRD).
lexology.com     Jan 13, 2023

Not as permissive as you think? Implications from OSS licences ... - Lexology

technology

Open-source software (OSS) has underpinned the success of blockchain technologies like Ethereum, which supports one of the highest cryptocurrencies by market cap as well as a growing ecosystem of smart contracts solutions and decentralised apps. Those who develop or deploy software protocols using blockchain technologies like Ethereum need to be aware of the commercial and legal implications associated with the OSS licensing terms underpinning them.
lexology.com     Jan 13, 2023

Smarter Contracts on the Blockchain: A Conversation with ... - Lexology

Smart contracts are computer programs, or transaction protocols on blockchain, that self-execute when certain conditions are met. Most listeners probably know about bitcoin blockchain created by Satoshi Nakamoto that basically introduced a decentralized digital payment system. That's why everyone's really excited about this technology of Vitalik Buterin, founder of Ethereum.
lexology.com     Jan 13, 2023

Spotlight: an introduction to M&A in Canada - Lexology

Canada saw 954 M&A deals announced in 2021 valued at US$141 billion overall. These results represent the highest aggregate deal value since 2007 and the highest deal volume on record for the first half of 2021. M&A activity in Canada continued on an upward trend observed during the fourth quarter of 2020, with an aggregate deal value of US$88.3 billion on 515 deals, representing 63 per cent of the total deal value for 2021.2 For the first half of 2022, M&A activity in Canada was highly impacted by the global economic and geopolitical uncertainty, with the number of deals, in the first half of 2022, decreasing slightly to 456 from 515 compared to the corresponding period in ...
lexology.com     Jan 12, 2023

Playing on harder difficulty: increased challenges for the video ... - Lexology

gaming

Last year the games sector did not keep pace with its exceptional performance in 2020-21. The industry grappled with varied headwinds ranging from worsening macroeconomic conditions, a post-pandemic softening in demand, ongoing supply issues, changes in the mobile privacy framework and a significantly increased legal and regulatory focus.
lexology.com     Jan 12, 2023

Clarification of sea carrier's liability for container-caused damages ... - Lexology

This article is part of a series that describes some of the issues that the Danish Merchant Shipping Act's various liability regimes raise in practice, including issues in relation to the extent of liability for subcontractors and product liability for these types of damages.(1) In particular, this article focuses on visible and hidden defects on containers.
lexology.com     Jan 12, 2023